OMAHA, Neb.--(BUSINESS WIRE)--The June 2017 Investor Movement Index® reached an all-time
high of 6.58 as retail investors steadily increased their equity
exposure throughout the first six months of 2017, TD Ameritrade, Inc.
(“TD Ameritrade”), a broker-dealer subsidiary of TD Ameritrade Holding
Corporation (Nasdaq: AMTD) announced today. The Investor
Movement Index, or the IMXSM, is a proprietary,
behavior-based index created by TD Ameritrade that aggregates Main
Street investor positions and activity to measure what investors are
actually doing and how they are positioned in the markets.

The June 2017 Investor Movement Index for the four weeks ending June 30,
2017, reveals:

Reading: 6.58 (compared to 6.13 in May)

Trend direction: Positive

Trend length: 2 month

Score relative to historic ranges: High

The IMX spiked seven percent in June, reaching a new high of 6.58, as TD
Ameritrade clients increased exposure to equity markets for the second
month in a row. Net buying of equities, coupled with higher relative
volatility in widely held names, including Apple (AAPL) and Facebook
(FB), caused client accounts to show increased equity exposure.
Year-to-date, indices have posted healthy increases – S&P 500 and Dow
Jones Industrial Average up over eight percent, and Nasdaq Composite
increasing over 14 percent. Economic data has also strengthened around
the globe so far this year, and the Federal Reserve remains confident
about the path of the U.S. economy, increasing its target rate by a
quarter percent.

“With five consecutive months of net buying, we see retail investors
continuing to participate in the market as it hovers just below all-time
highs,” said Steven Quirk, executive vice president of trading at TD
Ameritrade. “As the 10-year yield remains lower than earlier estimates,
dividend stocks including Ford, AT&T and Verizon have remained client
favorites.”

For the second consecutive month, TD Ameritrade clients showed strong
interest in Technology stocks. Apple (AAPL), which experienced
volatility during the month and ended the period down, was a net buy.
Facebook (FB) reached a 52-week high during June and was net bought.
Amazon (AMZN), which broke through the $1,000 mark during the period,
was also a net buy. Tesla Inc. (TSLA) hit another all-time high during
the period and was another net buy. Dividend payers Ford (F), AT&T Inc.
(T) and Verizon (VZ) were also in favor among TD Ameritrade clients, all
being net buys. Advanced Micro Devices Inc. (AMD), which saw substantial
volatility along with an analyst upgrade during the period, was a net
buy. Shopify Inc. (SHOP) was also a net buy after reaching a new high.
Additional popular names bought include Microsoft Inc. (MSFT) and
Berkshire Hathaway Inc. (BRK.B).

TD Ameritrade clients were net sellers of banks Citigroup Inc. (C) and
Bank of America (BAC) during the period. Both stocks were up during the
June period as all major banks passed the qualitative portion of the
Fed’s stress test and were cleared to pay increased dividends. Arconic
Inc. (ARNC) was a net sell once again following volatility with the
stock down over 15 percent during the period. American Airlines Inc.
(AAL) was a net sell after the company reached a 52-week high following
record year-to-date traffic volume. Bristol-Meyers Squibb (BMY), which
traded up during the month after the U.S. Senate released its
legislation to repeal and replace the Affordable Care Act, was also net
sold. Newill Brands Inc. (NWL), which reaffirmed its guidance and
reached a year-to-date high, was a net sell. Additional names sold
include Yahoo, Inc. (YHOO) and Mobileye (MBLY).

2017 Mid-Year Review

TD Ameritrade clients were net buyers overall in the first half of 2017,
increasing their equity positions during the year. The most popular buys
of these investors so far this year were Nvidia (NVDA), followed by
Amazon (AMZN). Verizon (VZ), AT&T (T), and Ford (F) rounded out the
ranks of the top five stocks bought.

The five most popular stocks sold to date in 2017 by clients were Apple
(AAPL), Facebook (FB), Disney (DIS), Wynn Resorts (WYNN) and Citigroup
(C).

TD Ameritrade clients ended the first half of the year with equity
exposure at all-time highs. Following a decrease in equity exposure in
December of 2016, clients began adding to exposure in 2017 as markets
pushed to new all-time highs. The IMX saw a slight pullback in April
2017 following lower relative volatility in widely held names compared
to the overall market. The IMX then pushed higher on the back of broad
market increases, and ended the June period at a score of 6.58.

The biggest trading day and the biggest day for equity trades in the
first half of 2017 was May 17, on which the S&P was down 1.8 percent and
the Nasdaq was down over 2.5 percent. The second biggest day for client
trading and the largest day for option trades was June 9, on which the
Nasdaq fell almost 2 percent after hitting a high intraday.

As of June 30, 2017, the most widely held stocks by TD Ameritrade retail
clients were Apple (AAPL), Facebook (FB), Amazon (AMZN), General
Electric (GE) and AT&T (T).

About the IMX

The IMX value is calculated based on a complex proprietary formula. Each
month, TD Ameritrade pulls a sample from its client base of 7 million
funded accounts, which includes all accounts that completed a trade in
the past month. The holdings and positions of this statistically
significant sample are evaluated to calculate individual scores, and the
median of those scores represents the monthly IMX.

For more information on the Investor Movement Index, including
historical IMX data going back to December 2010; to view the full report
from May 2017; or to sign up for future IMX news alerts, please visit www.tdameritrade.com/IMX.
Additionally, TD Ameritrade clients can chart the IMX using the symbol
$IMX in either the thinkorswim® or TD Ameritrade Mobile
Trader platforms.

Inclusion of specific security names in this commentary does not
constitute a recommendation from TD Ameritrade to buy, sell, or hold.

Past performance of a security, strategy, or index is no guarantee of
future results or investment success.

Historical data should not be used alone when making investment
decisions. Please consult other sources of information and
consider your individual financial position and goals before making an
independent investment decision.

The IMX is not a tradable index.The IMX should not be used as
an indicator or predictor of future client trading volume or financial
performance for TD Ameritrade.

For the latest TD Ameritrade news and information, follow the company on
Twitter, @TDAmeritradePR.

About TD Ameritrade Holding Corporation

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(RIAs) have turned to TD Ameritrade’s (Nasdaq:AMTD) technology,
people
and education to help make investing and trading easier to understand
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for more information.